30-Unit Apartment
3300 Russell Boulevard, Saint Louis, MO 63104
For Sale
New
$2,595,000
Residential Income, St Louis, MO
Property Size25,218 SF
Lot Size0.98 Acres
Price / SF$102.90
Days on Market2
Property Features for 3300 Russell Boulevard
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Subdivision
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Cooling system
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Building Details
Year built
Number of units
Building materials
Architectural style
Buildings
Listing Agency:
Realty Exchange · Coldwell Banker Real Estate
(314) 647-2220
Listed By:
Andy Scott · License #2008032735
(314) 323-3831
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 7 at 2:06PM
MLS# 26071113
Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Russell Arms is a 30-unit apartment property comprising five brick buildings arranged around a landscaped courtyard. Constructed in 1926, the complex contains 18 one-bedroom apartments and 12 two-bedroom apartments. The buildings total 25,218 square feet on a 0.9758-acre site. Improvements include full renovations to 24 apartments, partial updates to the other six, roof replacement, fire escape repairs, and an upgraded hot water system. Many HVAC units and appliances have also been replaced.
A renovated garage is on site and is not currently used for tenant parking. Apartments are available for leasing. The property is at 3300 Russell Boulevard in St. Louis, with access to Tower Grove Park, the Missouri Botanical Garden, Saint Louis University, medical centers, and Interstates 44 and 55.
A renovated garage is on site and is not currently used for tenant parking. Apartments are available for leasing. The property is at 3300 Russell Boulevard in St. Louis, with access to Tower Grove Park, the Missouri Botanical Garden, Saint Louis University, medical centers, and Interstates 44 and 55.
Key Highlights
- 30 apartments across five brick buildings
- Unit mix of 18 one‑bedroom and 12 two‑bedroom apartments
- 24 units fully renovated; the remaining six have partial updates
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$234,679
Cap Rate
9.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,693,580
$4.7M
Cap Rate 7%
$3,352,557
$3.4M
Cap Rate 9%
$2,607,544
$2.6M
Market Conditions
NOI Build-Up for 25,218 SF
Gross rent
$453.9K $18.00/SF
− Vacancy
−$27.2K −$1.08/SF
EGI
$426.7K $16.92/SF
− OpEx
−$192.0K −$7.61/SF
NOI
$234.7K $9.31/SF
Area
St. Louis County, MO
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,693,580
Cap Rate 7%
$3,352,557
Cap Rate 9%
$2,607,544
Alternative Uses
Best Use
Apartment 5plus
$3.35M
$2.93M – $3.91M
NOI $234,679 @ 7.0% cap · market cap 9.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.41M
$4.74M – $6.31M
NOI $378,856 @ 7.0% cap · market cap 14.60%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
30
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,180
Businesses Nearby
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Business Placement
Demographics for 63104, MO
19,317
Population
10,958
Households
1.8
Avg Household Size
34
Median Age
54%
College-Educated
94%
High-School Grad
3.4 sq mi
ZIP Area
5,681
Density / Sq Mi
$70,127
Median Household Income
$53,693
Median Earnings
$1,054
Median Rent
$249,500
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in St. Louis County, MO
Properties on Market for Apartment buildings in St. Louis County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Five brick buildings frame a landscaped courtyard in this multifamily complex.
Where is this apartment building located?
The property is located at 3300 Russell Boulevard Saint Louis, MO.
What is the asking price?
The asking price for this property is $2,595,000.
What are key features of this property?
This property features: 30 apartments across five brick buildings; Unit mix of 18 one‑bedroom and 12 two‑bedroom apartments; 24 units fully renovated; the remaining six have partial updates
